Krafton expects IPO success as big investors show interest
SEOUL -- South Korean online game developer Krafton said Monday that it expects success in its initial public offering, as institutional investors are showing strong interest in the company's listing procedures ahead of its debut on the Seoul stock market next month.
Chief Financial Officer Bae Dong-geun said that many long-term global investors have expressed trust in the company during two weeks of so-called book building -- the settling on an IPO price -- which closes on Tuesday. Krafton will confirm the figure on Thursday after
Coronavirus latest: Southeast Asia COVID-19 cases hit new highs
Nikkei Asia is tracking the spread of the coronavirus that was first detected in the central Chinese city of Wuhan.
Cumulative global cases have reached 194,087,699, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,158,226.
For more information about the spread of COVID-19 and the progress of vaccination around the world, please see our interactive charts and maps.
-- Global coronavirus tracker charts
-- Status of
Mongolia's mass jabs fail to suppress COVID spread
ULAANBAATAR -- Mongolia has administered more COVID-19 shots relative to its population than any country in Asia, yet this steppe nation lodged between China and Russia also leads Asia in proportional rankings for new COVID-19 cases.
Public health officials say the severity of the outbreak comes down to transmission by young people and other unvaccinated groups along with complacency after the country's initial successful containment of the virus. Compounded by the delta and other COVID-19 variants, these factors are considered more important than shortcomings
Bangladesh factory fire puts new spotlight on worker safety
DHAKA -- The recent deadly fire at a Bangladesh factory has brought fresh scrutiny of the country's record on workplace safety and labor protections, particularly in industries that serve the domestic market.
More than 50 workers were killed, and more than 20 others injured, when a fire broke out on July 8 at a food processing plant owned by Sajeeb Group in the Narayanganj district near Dhaka.
The plant made products sold under the Sajeeb Group's own brands while Sajeeb's Facebook page mentions other labels including
Coronavirus latest: South Korea starts vaccinations for 55-59 age group
Nikkei Asia is tracking the spread of the coronavirus that was first detected in the central Chinese city of Wuhan.
Cumulative global cases have reached 194,087,699, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,158,226.
For more information about the spread of COVID-19 and the progress of vaccination around the world, please see our interactive charts and maps.
-- Global coronavirus tracker charts
-- Status of
Olympics latest: Naomi Osaka breezes through second-round match
TOKYO -- The Tokyo Olympics have finally opened after a long journey filled with controversy, and an unprecedented one-year postponement because of the COVID-19 pandemic.
The proceedings officially began with Friday's opening ceremony at the National Stadium , a mostly subdued affair mixed with joyous moments like a high-tech drone show, and capped by tennis star Naomi Osaka lighting the Olympic cauldron.
Key events to watch on Monday, July 26 (Tokyo time)
Tennis (second round)
- 11 a.m
TSMC eyes Germany as possible location for first Europe chip plant
HSINCHU, Taiwan -- Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said on Monday it is considering building its first European semiconductor plant in Germany as the global race to onshore chip production heats up.
Chairman Mark Liu said TSMC is engaging in talks with "multiple clients" about the feasibility of building a chip wafer plant in the country.
"We're in the preliminary stage of reviewing whether to go to Germany," Liu told shareholders at the company's annual general meeting.
Malaysia parliament battle resumes with Muhyiddin in hot seat
KUALA LUMPUR -- Malaysia's parliament reopens on Monday after a seven-month suspension, marking the latest crucial moment for embattled Prime Minister Muhyiddin Yassin.
Opponents will be looking for chances to attack a prime minister they believe lacks majority support, especially after the biggest party in his coalition officially broke away. Nevertheless, experts say Muhyiddin is unlikely to be unseated during the five-day session.
The legislature has been suspended since January under a COVID-19 state of emergency that expires Aug. 1. Malaysia'
Olympics latest: Naomi Osaka back in action
TOKYO -- The Tokyo Olympics have finally opened after a long journey filled with controversy, and an unprecedented one-year postponement because of the COVID-19 pandemic.
The proceedings officially began with Friday's opening ceremony at the National Stadium , a mostly subdued affair mixed with joyous moments like a high-tech drone show, and capped by tennis star Naomi Osaka lighting the Olympic cauldron.
Key events to watch on Monday, July 26 (Tokyo time)
Tennis (second round)
- 11 a.m
World Bank forecasts 18% annual decline for Myanmar's economy
BANGKOK/YANGON -- Myanmar's economy is expected to contract by 18% this year amid deepening political turmoil following the Feb. 1 military takeover and the rapid rise of a third wave of COVID-19, according to new research by the World Bank.
The estimate, contained in the bank's Myanmar Economic Monitor report issued on Monday, is nearly double the 10% annual decline projected in March and suggests the economy could suffer further hits in coming months.
Other forecasts, including one in
